Blame complex tax rules and a lack of competition for the airport VAT debacle August 19, 2015 I arrived back from holiday at Heathrow last week. After I picked up my bags, I went through customs and I saw some stewardesses walking through a passageway that avoided the arrivals duty free shopping area. I had everything I needed, so I decided to skip the shops and go through the passageway to head [...]
GKN share price climbs as growing auto demand boosts sales May 6, 2015 Shares in UK manufacturer GKN ticked up yesterday after the company announced it continued to outperform the market during the start of the year. The British company, which specialises in the manufacture of components for the aerospace and automotive sectors, received a boost from a growing car market and the strength of sterling. [...]
UK house prices: Tony Pidgley’s Berkeley calls for Britain to stay in the EU as housebuilder’s profits rise 42 per cent June 17, 2015 London-centred residential property developer Berkeley Group announced a 42 per cent increase in full-year profits today, but warned a British exit from the EU would be bad for the capital's property market. Read more: How can the UK build more houses? In preliminary results for the year to the end of April, Berkeley stressed that the [...]
Hartfield House: This architectural wonder is the ultimate blend of country bliss and avant-garde design June 25, 2015 When a city-dweller dreams of leaving the rat race for the country, certain stock images appear. Most likely there will be fields of golden rapeseed, sheep bleating on hillsides and church spires reaching into an overcast sky. But deep into an ancient forest in East Sussex, you’ll find a light-filled construction of glass and sandstone [...]
After an utterly disastrous election, is there a future for the Labour party as a political force? May 10, 2015 Chris Rumfitt, chief executive of Corporate Reputation Consulting, says Yes. There is no understating the scale of Labour’s defeat last week. Almost wiped out in Scotland, the party fared little better in England, where it barely made inroads into the Tories – even against the low water mark of 2010. But Labour can bounce back [...]
British Land is upbeat after it outpaces rival November 13, 2013 BRITISH Land outshone its biggest rival Land Securities yesterday after the property giant reported a strong rise in rents and values across both its office and retail empire. The owner of the Cheesegrater skyscraper in the City said its net asset value (NAV) per share – a key industry measure of performance – rose 4.5 [...]
Foreign buyers push City into deals boom: Biggest haul of British M&A activity since before financial crisis June 30, 2015 Britain has experienced the biggest boom in M&A since the financial crisis thanks to a rush of overseas buyers, according to figures out today. Weaker sterling, low interest rates and renewed corporate confidence have sparked acquisitions of everything from oil companies to tin can makers since the start of the year. The total [...]
International consortium buys up London South Bank scheme for £308m March 29, 2015 A consortium of British and international investors has bought up a £1bn office and residential development on London’s South Bank for £308m. UK’s Native Land, Singaporean sovereign wealth fund Temasek, Hotel Properties, run by the Singaporean family behind British handbag-maker Mulberry and Malaysia’s Amcorp Properties, have agreed to buy the site from Carlyle, the private [...]
City Moves for 4 June 2015 | Who’s switching jobs June 3, 2015 PwC Gareth Lewis has been appointed director in PwC’s real estate practice. He has formerly worked as a consultant at EY and the Urban Land Institute. Lewis has also been a representative at the European Public Real Estate Association and the British Property Federation. JLT Re The reinsurance broking and consultancy firm has appointed Chris [...]
Red hot Spieth targets McIlroy world No1 spot June 22, 2015 US OPEN winner Jordan Spieth has played down his burgeoning rivalry with Rory McIlroy but admits he is hungry to replace the Northern Irishman as golf’s world No1. Spieth, 21, became the youngest player for 93 years to win multiple Majors before his 22nd birthday when he followed up April’s Masters victory with success at [...]